Solar Power Outlook in India - 2012 Edition

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Globally, Solar Power has emerged as the fastest growing Renewable Energy technology driven primarily by cost reduction, sustained policy support, increasing investors’ interest,launch of new applications in the market and tariff digression. Even in India, growth of solar power which was more or less stagnant picked up in the last 2-3 years with increase in grid-connected solar PV capacity from 2.12 MW in March 2009 to 1173.5 MW by Sept 2012.